A Publication of RMLS™, The Source for Real Estate Statistics in Your Community

© Copyright RMLS™ 2014. All Rights Reserved.

Residential Review: Metro Portland, Oregon June 2014 Reporting Period

June HighlightsClosed sales enjoyed a solid

month this June in the Portland metro area! The 2,617 closings showed a 4.2% increase over the 2,511 closings from last June. In fact, this was the strongest June for closed sales in the region since 2007 when there were 2,731! Pending sales, at 2,965, rose 5.7% compared to last June’s 2,804, but fell slightly (-0.8%) compared to the 2,989 offers accepted just last month. New listings (4,078) were 8.7% stronger than June 2013 (3,751) but fell 2.7% from May’s 4,192.

There are currently 7,250 active residential listings in the Portland metro area. Total market time fell again in June to 59 days. Inventory remained stable for the third consecutive month, and sits at 2.8 months.

Year to Date SummaryPortland numbers are very

similar this year compared to last. New listings (20,248) are up 4.4% compared to the first half of 2013. Pending sales (14,705) and closed sales (12,518) are down 0.9% and 0.1% in the same comparison.Average and Median Sale Prices

The average price the first half of the year was $328,900, up 8.7% from the same time frame in 2013 when the average was $302,700. In the same comparison, the median also rose 8.7% from $257,500 in the first half of 2013 to $280,000 in the same period of 2014.

New Listings

Pending Sales

ClosedSales

AverageSale Price

MedianSale Price

Total Market

Time

June 4,078 2,965 2,617 334,800 290,000 59

May 4,192 2,989 2,483 335,300 290,000 67

Year-to-date 20,248 14,705 12,518 328,900 280,000 77

June 3,751 2,804 2,511 313,900 272,000 70

Year-to-date 19,403 14,835 12,531 302,700 257,500 94

June 8.7% 5.7% 4.2% 6.7% 6.6% -16.7%

Prev Mo 2014 -2.7% -0.8% 5.4% -0.1% 0.0% -11.9%

Year-to-date 4.4% -0.9% -0.1% 8.7% 8.7% -17.9%

2014

2013

Chan

ge

Portland Metro Residential Highlights

*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes.

Inventory in Months*2012 2013 2014

January 7.0 4.7 4.1February 6.5 4.5 3.9March 5.0 3.2 3.1April 4.7 3.1 2.8May 4.2 2.5 2.8June 3.9 2.9 2.8July 4.6 2.8August 3.9 3.1September 4.6 3.7October 3.8 3.4November 4.2 3.7December 3.6 3.2

Percent Change of 12-Month Sale Price Compared With The Previous 12 Months

Average Sale Price % Change: +10.2% ($322,600 v. $292,800)Median Sale Price % Change: +11.3% ($276,000 v. $248,000)

For further explanation of this measure, see the second footnote on page 2.

2© Copyright RMLS™ 2014. All Rights Reserved.

AREA REPORT • 6/2014 Portland Metropolitan Area, Oregon

1 Percent change in number of pending sales this year compared to last year. The Current Month section compares June 2014 with June 2013. The Year-To-Date section compares 2014 year-to-date statistics through June with 2013 year-to-date statistics through June.

2 % Change is based on a comparison of the rolling average sale price for the last 12 months (7/1/13-6/30/14) with 12 months before (7/1/12-6/30/13).3 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31

days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.

Act

ive

List

ings

New

Lis

tings

Expi

red/

Can

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Pend

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Sale

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. 201

31

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New

Lis

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Pend

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. 201

31

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ian

Sale

Pric

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Avg

. Sal

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% C

hang

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Sale

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rage

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Sale

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rage

Sal

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ice

Clo

sed

Sale

s

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rage

Sal

e Pr

ice

141

N Portland 223 176 38 130 1.6% 132 293,900 36 856 686 5.5% 630 284,800 267,300 13.4% 5 196,200 11 245,500 19 411,600

142

NE Portland 481 378 73 254 -16.2% 246 357,100 45 1,757 1,331 -12.8% 1,167 350,300 304,200 11.5% 16 350,200 24 123,000 36 380,600

143

SE Portland 654 481 84 340 0.6% 298 306,300 46 2,283 1,770 3.0% 1,535 297,300 252,500 14.6% 14 456,300 28 144,500 71 451,700

144 Gresham/

Troutdale 540 255 52 175 19.0% 169 249,700 80 1,315 912 11.2% 780 237,400 227,000 12.6% 5 177,400 33 141,800 20 309,900

145 Milwaukie/

Clackamas 620 362 66 256 9.9% 198 309,200 53 1,692 1,188 -2.4% 969 301,700 283,700 12.5% 3 341,200 64 159,600 9 344,900

146 Oregon City/

Canby 493 226 37 177 36.2% 138 298,100 71 1,121 794 2.7% 663 294,000 279,000 13.8% 3 246,300 44 194,400 7 266,200

147 Lake Oswego/

West Linn 539 252 83 162 6.6% 156 527,300 74 1,297 809 -8.3% 687 525,900 459,000 8.7% 2 564,300 19 397,000 5 410,100

148

W Portland 792 456 119 290 -6.8% 299 467,900 58 2,298 1,599 -3.3% 1,403 466,300 385,000 6.1% 5 358,000 48 224,200 17 607,500

149

NW Wash Co. 292 197 40 169 13.4% 122 415,800 45 1,004 754 -0.1% 654 413,800 385,000 9.4% - - 18 275,800 3 341,500

150 Beaverton/

Aloha 530 363 77 275 8.7% 260 275,000 46 1,806 1,330 -0.4% 1,143 272,900 250,000 12.8% 2 281,500 5 142,200 19 369,000

151 Tigard/

Wilsonville 596 354 68 284 9.7% 232 331,100 53 1,751 1,296 -6.5% 1,039 328,800 311,000 6.4% 4 781,400 23 303,000 5 478,000

152 Hillsboro/

Forest Grove 457 264 52 196 -6.2% 155 277,200 53 1,317 1,038 -1.2% 870 261,200 240,000 10.9% 10 257,200 31 189,100 15 456,900

153

Mt. Hood 101 28 11 17 -22.7% 20 241,200 204 140 101 38.4% 95 253,300 232,600 20.3% 2 216,500 5 43,000 - -

155

Columbia Co. 331 99 17 75 50.0% 71 202,700 103 531 371 11.7% 292 201,800 193,800 22.1% 9 260,000 28 96,800 4 205,000

156

Yamhill Co. 601 187 64 165 37.5% 121 251,400 98 1,080 726 9.8% 591 254,200 221,700 11.2% 7 304,800 48 206,700 7 313,600

Year-To-Date

COMMERCIAL LAND MULTIFAMILYRESIDENTIAL

Year-To-Date Year-To-DateCurrent Month Year-To-Date

3© Copyright RMLS™ 2014. All Rights Reserved.

NEW LISTINGS PORTLAND, OR

This graph shows the

new residential listings

over the past three

calendar years in the

greater Portland, Oregon

metropolitan area.

TOTAL ACTIVE LISTINGS

PORTLAND, OR

This graph shows the

total active listings over

the past three calendar

years in the greater

Portland, Oregon

metropolitan area.

ACTIVE RESIDENTIAL

LISTINGSPORTLAND, OR

This graph shows the active

residential listings over the

past three calendar years in

the greater Portland,

Oregon metropolitan area.JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,3522013 6,366 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,7072014 5,671 5,752 5,811 6,093 6,858 7,250

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Active Residential Listings

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,3742013 8,519 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,5112014 7,606 7,731 7,702 8,066 8,928 9,290

5,000

7,500

10,000

12,500

Total Active Listings

0500

1,0001,5002,0002,5003,0003,5004,0004,500

New Listings

2012 2013 2014

© Copyright RMLS™ 2014. All Rights Reserved.4

This graph represents

monthly accepted offers

in the Portland, Oregon

metropolitan area over

the past three calendar

years.

PENDING LISTINGS PORTLAND, OR

This graph shows the

closed sales over the past

five calendar years in the

greater Portland, Oregon

metropolitan area.

CLOSED SALES PORTLAND, OR

This graph shows the

average market time for

sales in the Portland,

Oregon metropolitan area

over the past three calendar

years.

DAYS ON MARKETPORTLAND, OR

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Pending Sales

2012 2013 2014

0

500

1,000

1,500

2,000

2,500

3,000

Closed Sales

2010

2011

2012

2013

2014

020406080

100120140160

Average Total Market Time

2012 TMT 2013 TMT 2014 TMT

© Copyright RMLS™ 2014. All Rights Reserved.5

This graph represents the average and median sale price for all homes sold in

the Portland, Oregon metropolitan area.SALE PRICE PORTLAND, OR

$175,000

$195,000

$215,000

$235,000

$255,000

$275,000

$295,000

$315,000

$335,000

$355,000

$375,000

Jun-

05Se

p-05

Dec

-05

Mar

-06

Jun-

06Se

p-06

Dec

-06

Mar

-07

Jun-

07Se

p-07

Dec

-07

Mar

-08

Jun-

08Se

p-08

Dec

-08

Mar

-09

Jun-

09Se

p-09

Dec

-09

Mar

-10

Jun-

10Se

p-10

Dec

-10

Mar

-11

Jun-

11Se

p-11

Dec

-11

Mar

-12

Jun-

12Se

p-12

Dec

-12

Mar

-13

Jun-

13Se

p-13

Dec

-13

Mar

-14

Jun-

14

Average and Median Sale Price

Average Sale Price Median Sale Price

$100,000$120,000$140,000$160,000$180,000$200,000$220,000$240,000$260,000$280,000$300,000

JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE

Median Sale Price: Portland, OR & Clark Co., WA

Clark County Metro Portland, OR

This graph shows the

median sale price over

the past 12 months in

the greater Portland,

Oregon, metropolitan

area and Clark

County.

MEDIAN SALE PRICE

PORTLAND, OR

$ 235,000

Yamhill County

$ 269,500N Portland

$ 327,500 NEPortland

$ 256,900 SEPortland

$ 235,000GreshamTroutdale

SandyCorbettFairview $ 221,800

Mt. Hood:Zigzag

WelchesRhododendron

WemmeBrightwood

Government Camp

$ 290,000Milwaukie/Gladstone/Boring/ClackamasEstacada

$ 280,900Oregon City

CanbyMolalla

Beavercreek

$ 469,000 Lake Oswego

West Linn

$ 399,900 West Portland

$ 405,800North Washington County

Sauvie Island

$ 253,000Beaverton

Aloha

$ 325,800 Tigard/Tualatin

SherwoodWilsonville

$ 265,000Hillsboro

Forest Grove

$ 189,500Columbia County

$221,300 Heights

$155,000Cent. Vancouver

$231,600Cascade Park

$210,5005 Corners

Orch.

$227,000HazelDell

Minnehaha

$252,000Felida

$305,000Salmon Creek

$315,000Camas/Washougal

$288,800

Brush Prairie

Hockinson

$314,700

Ridge�eld/La Center

$241,500

Battle Ground

$227,000

N/NE Clark County$189,000

Woodland

MEDIAN SALE PRICE June 2014

PORTLANDMETRO

6© Copyright RMLS™ 2014. All Rights Reserved.

SW WASHINGTON

MULTIPLE LISTING SERVICE

The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.

Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.

RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.

E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.

Brian Houston, Chairman of the BoardKurt von Wasmuth, President/CEOHeather Andrews, Editor

© Copyright RMLS™ 2014. All Rights Reserved.

Lane County: FlorencePO Box 414

Florence, OR 97439(541) 902-2560

Fax: (541) 902-1341

Curry County16289 Hwy 101 S, Suite E

Brookings, OR 97415(541) 469-0219

Fax: (541) 469-9695

Lane County: Eugene2139 Centennial Plaza

Eugene, OR 97401(541) 686-2885

Fax: (541) 484-3854

Southwest Washington1514 Broadway, Suite 101

Vancouver, WA 98663(360) 696-0718

Fax: (360) 696-9342

Douglas County3510 NE EdenbowerRoseburg, OR 97470

(541) 673-3571Fax: (541) 673-6581

Corporate8338 NE Alderwood Rd, Suite 230

Portland, OR 97220(503) 236-7657

Fax: (503) 230-0689

Mid-ColumbiaPO Box 1088

Hood River, OR 97031(541) 436-2956

Fax: (541) 387-6657

Eastern OregonPO Box 751

Hermiston, OR 97838(541) 567-5186

Fax: (541) 289-7320

Coos County1946 Sherman Ave., Suite 101

North Bend, OR 97459(541) 751-1070

Fax: (541) 751-1083

Salem4035 12th Street Cutoff SE, Suite 110

Salem, OR 97302(503) 587-8810

Fax: (503) 585-3817

This graph represents the median sale price for all

condos sold in the last three calendar years in the

Portland, Oregon metropolitan area.

MEDIAN SALE PRICE CONDOS

PORTLAND, OR

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

Median Condo Sale Price

2012 2013 2014

This graph shows the number of active and closed

condos in the Portland, Oregon, metropolitan area.

ACTIVE & CLOSED CONDOS

PORTLAND, OR

0

100

200

300

400

500

600

700

800

Active & Closed Condos

Active Listings Closed Sales